Hanwha Ocean Clinches Deal for Largest-Ever Ammonia Shipments

Hanwha Ocean has recently disclosed a monumental achievement, securing an order valued at approximately $500 million. This substantial contract involves the construction of four very large ammonia carriers (VLACs) for the esteemed Greek shipping company, Naftomar Shipping and Trading Co. Ltd. Inc (Naftomar). The groundbreaking aspect of these vessels lies in their capacity to transport a staggering 93,000 cubic meters (cbm) of ammonia, positioning them as the largest in their class globally. The entire project is slated to be executed at Hanwha's Geoje shipyard, with the delivery of the completed carriers scheduled to commence in 2026.

One of the key distinguishing features of these VLACs is the integration of cutting-edge technologies from Hanwha Ocean. Notably, the shaft generator motor system (SGM) and the Hanwha SmartShip Solution & Service (HS4), the company’s proprietary smart ship platform, will be incorporated into the vessels.

The strategic decision to embrace the ammonia dual-fuel engine is a forward-looking move, reflecting Hanwha Ocean's commitment to navigating the evolving landscape of maritime technology and sustainability. By offering the option for ammonia propulsion, the company anticipates staying ahead of the curve and adapting to emerging trends in the shipping industry. This progressive stance not only enhances the versatility of the carriers but also positions Naftomar as a forward-thinking player in the global shipping arena.

Moreover, the vessels are not merely a testament to technological innovation but also embody a dedication to environmental responsibility. The eco-friendly design of these VLACs aligns seamlessly with the evolving regulations and expectations surrounding emissions reduction. By prioritizing enhanced efficiency and eco-conscious features, Hanwha Ocean is positioning itself at the forefront of the maritime industry's transition toward sustainability.

In securing this substantial order, Hanwha Ocean underscores its prowess and competitiveness on the global stage. The successful bid not only exemplifies the company's technical expertise but also underscores its capability to meet the exacting requirements of a prominent industry player like Naftomar. The partnership formed through this collaboration extends beyond the construction of vessels; it signifies the establishment of a lasting and cooperative relationship between Hanwha Ocean and Naftomar.

As the world grapples with the imperative to reduce carbon emissions and transition toward cleaner energy sources, the construction of these VLACs symbolizes a pivotal step toward carbon-free shipping. By leveraging their technological prowess and strategic foresight, Hanwha Ocean and Naftomar are actively contributing to the realization of a sustainable and environmentally conscious maritime future.

Looking ahead, the delivery of these groundbreaking carriers in 2026 will mark a significant milestone not only for the involved companies but for the maritime industry as a whole. The vessels will serve as tangible evidence of the industry's capacity to innovate, adapt, and lead in the pursuit of a greener and more sustainable future. Hanwha Ocean's commitment to excellence, coupled with Naftomar's vision for environmentally responsible shipping, sets a precedent for the transformative potential of collaboration in addressing the challenges.